> Companies that manufacture things people don't want go out of business.
Do they, though? When was the last a time a really big company went bankrupt?
Do they, though? When was the last a time a really big company went bankrupt?
https://en.wikipedia.org/wiki/Bankruptcy_in_the_United_State...
Silicon Valley Bank was actually the third largest bankruptcy in US history, which is news to me. And apparently Signature Bank was fourth.
https://www.statista.com/statistics/1096794/largest-bankrupt...
Alcatel-Lucent - 2016 (Bell Labs/AT&T Technologies/Western Electric)
Nortel is a good example though. That was a big one.
The point is that's what would happen, and because of that, companies focus on making things people actually do want.
Look at what happened the Facebook stock over the last few years as they rebranded to Meta and started spending wildly. The market whipped them into shape, and rewarded them handsomely.
So any compliance with the 'wishes of market' was somewhat voluntary.
https://en.m.wikipedia.org/wiki/2023_United_States_banking_c...
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